Chinas talking tough about trade and sounding as though compromise is possible. Beijing warned it plans to retaliate for new u. S. Tariffs scheduled to take effect next month. China called the tariffs a violation of the accords reached by President Trump and president xi jinping. The Chinese Government said the leaders have kept Communications Going and hope there can be resolution based on equality and mutual respect. Six european nations are hoping to take the 147 migrants stranded on a spanish humanitarian boat off italy. Italy says france, germany, romania, portugal and luxembourg will help. Global news 24 hours a day on air and at tictoc on twitter powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Shery im shery ahn. Amanda im amanda lang. Welcome to bloomberg markets. Here are the top stories we are following from around the world. American shoppers boosted spending in july, following fuel for heightened global uncertai
Hillary clinton visited a Union Training center in louisville. Sanders won last weeks primary in west virginia, a neighbor of kentucky. After beating 5000 to one odds on their march the premier league championship, Leicester City celebrated what is being called one of the greatest achievements in professional sports history with a victory parade, cheered on by a grateful city. Global news 24 hours a day powered by our journalists in more than 150 news bureaus around the world. From the Bloomberg News room, i am shery ahn. Bloomberg west is next. Emily i am emily chang, and this is bloomberg west. Coming up, the oracle logs on. Warren buffett comes out swinging with two big bets on tech. We will break down the berkshireapple connection. Apple turned heads when it jumped into the passenger seat with didi. We will have details on a potential ipo. Amazon is reportedly working on its own private labels for things like baby products, snacks, and Household Items. There is a launch planned for
Parade, cheered on by a grateful city. Global news 24 hours a day powered by our journalists in more than 150 news bureaus around the world. From the Bloomberg News room, i am shery ahn. Bloomberg west is next. Emily i am emily chang, and this is bloomberg west. Coming up, the oracle logs on. Warren buffett comes out swinging with two big bets on tech. We will break down the berkshireapple connection. Apple turned heads when it jumped into the passenger seat with didi. We will have details on a potential ipo. Reportedly working on its own private labels for things like baby products, snacks, and Household Items. There is a launch planned for next month. Our lead, Warren Buffett, the oracle of omaha, has disclosed a 1 billion stake in apple, announcing it bought 9. 8 one billion shares sometime in the first quarter. Buffett has historically stayed away from tech, saying he doesnt understand it. In late 2011, buffett acquired a 5 stake in ibm. Shares are down some 20 . Apple shares poppe
Results which just came out a few moments ago. Comp sales down. There were expectations for a slight gain for comp sales. Julie hyman has more of the largest restaurant chain. The golf continues to struggle. You know a lot about the company having gone inside mcdonalds. They have been expanding their menu and tried to get their value opposition right and have been having a lot of trouble with that in recent months. In fourth quarter, comparable one 10 of ay percent. Analysts were looking for a gain of half a percent. Worse. U. S. , things were it is a larger drop that had been estimated. Europe was worse, asiapacific, middle east africa, all of these regions were worse. Now the company says it will try to return cash to shareholders and if it cant get its intercept it will help things out by giving shareholders a little cash. It will return 5 billion to shareholders through dividends and buybacks over the course of the year. That is the authorization that the company is giving. In the
Together. Kwaer very excited to have them join us this morning. Tweet us with questions from them, as well. Joe, back over to you for some headlines. Okay, becky. Ill read these headlines with maybe a little bit of an echo. I mean, im its like so alone here. But, you know, its okay, i guess. Youre kind of with me, right . Hey, joe, guess who i have with me. Besides warren . Yeah. Can you take a shot, jerry . Oh, i know, i know, i already asked. Ive already asked for mac, yeah. You know how that take a shot of yep. Hi, joe. Ive told you, he completes me. Ive said that to him before. Yes, thats why i took him. Is it a leaky roof . I never know what it is. Sick dog, what is it this time . Its okay on, but i found out he was with you and at least hes doing something. Right. Usually hes just you know, let me get on to these stories here. I almost said some anyway, the major story dominating the markets are morning is coming out is ukraine. Russian forces have seized the Southern Area of cri